Adam Kos Coinbase financial app where you can trade cryptocurrency, greatly facilitates its spending. If you have a service card, you can already use it to make purchases using Apple Pay and Google Pay, just like any other debit card. However, the funds will be drawn from your crypto wallet balance.
Since the beginning of the week, Coinbase has been selecting its users who are already on the waiting list and sending them invitations to register their card. After undergoing it, he then mails them a Visa debit card. Of course, it is not necessary to pay physically with it, but it is possible to add it to Apple Pay or Google Pay and thus pay with cryptocurrency conveniently from a mobile phone or smart watch, etc. Of course, you do not even need to own a physical card for this, because after approval you can already add its virtual form .
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Pavel Jelic Of course, it has one significant catch, at least for our people. This requires the Coinbase Card application, which is not available in the Czech App Store. So even though you can pay with the card all over the world, and with the physical card you can also withdraw funds at all ATMs, you can only set it up in the domestic market (in the US, the service launched on October 28, 2020).
With its card, the company responds to the fact that payments from mobile devices are becoming more and more popular. In the US alone, they saw 29% growth last year. In addition, Coinbase wants to motivate spending, because it offers up to 4% of the transaction volume back for payments with cryptocurrencies in the application - again in the form of cryptocurrencies, of course. The card is also free, so you don't have to pay any fees for it.
